Super and investment FUM up 15 per cent

By Taylee Lewis
 — 1 minute read

Funds under management and advice (FUM/A) held in retail and wholesale managed funds increased by 15.4 per cent over the 12 months to March 2015.

FUM/A increased by $152 billion to $1.14 trillion over the 12 months, with the retail investment segment and retirement incomes segment recording the largest increases.

According to the DEXX&R Analysis Market Share Report, FUM in the retirement incomes segment was up 19.6 per cent, with the retail investment segment recording a 15.8 per cent increase.


Westpac recorded the strongest growth of the top five retail and wholesale managers – FUM/A increased 15.4 per cent to $18.7 billion.

AMP recorded a 15.3 per cent increase to $144 billion, Macquarie a 13.5 per cent increase to $78 billion, while NAB recorded a 13.1 per cent increase to $155 billion over the 12 months.

Within the retirement incomes segment, AMP recorded a notable increase of 23.4 per cent to $32.1 billion, while IOOF increased by 21.7 per cent to $11.9 billion and CBA recorded a 19.1 per cent increase to $41.9 billion.

The report also noted a breakdown by product, showing FUM held in MySuper and default options.

According to the report, 13 per cent of total FUM/A are now held in the MySuper option – up from 11 per cent at December 2014.

As at March 2015, 26 per cent of total FUM are held within default options, compared to 27 per cent in the previous quarter.

Alternate investment options – multi-sector, Australian shares and overseas investment accounts – account for 61 per cent of total FUM/A, a small decrease from 62 per cent as at December 2014.

The DEXX&R Analysis Market Share Report is based on retail and wholesale FUM/A data as at 31 March 2015. 


Super and investment FUM up 15 per cent
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